[MARKET UPDATE] Oil prices continue to rebound with WTI crude futures up around 3.0%, which has spurred dollar strength, as well as downside in T-note futures and metal prices, following reports of US/Israeli strikes on Iranian gas-related facilities

Oil prices continue to rebound with WTI crude futures up around 3.0%, which has spurred dollar strength, as well as downside in T-note futures and metal prices, following reports of US/Israeli strikes on Iranian gas-related facilities.

The surge in WTI crude prices by around 3% indicates a strong supply-side reaction to geopolitical tensions, specifically the US/Israeli strikes on Iranian facilities. This rebound is likely contributing to dollar strength as investors seek safe-haven assets, while also putting pressure on T-note futures and metal prices, suggesting a shift in market sentiment away from risk assets. Traders should watch for further developments in the region, as additional escalations could amplify these trends.